accuracy of estimates

USAGE SUMMARY

The phrase "accuracy of estimates" is correct and usable in written English.
It can be used when discussing the precision or correctness of numerical predictions or assessments in various contexts, such as finance, project management, or statistics. Example: "The accuracy of estimates is crucial for effective budgeting and resource allocation in any project."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

These results showed that adding multiple antennas improved the accuracy of estimates significantly, but that angular spread did not significantly influence delay estimation.

EURASIP Journal on Advances in Signal Processing

Accuracy of estimates is proven.

Chemical Engineering Science

There are doubts about the accuracy of estimates for HS2.

The Guardian

"The accuracy of estimates will increase with the size of the country," the researchers explain.

The Washington Post

To broaden your perspective on the future, the authors suggest, you can use proven tactics for improving the accuracy of estimates and preparing for contingencies.

Harvard Business Review

We will also pilot analytic strategies such as "borrowing strength" from contiguous years to improve the efficiency and accuracy of estimates.

Princeton University

The efficiency of a design can be measured by the cost required to meet constraints on the accuracy of estimates.

Journal of Statistical Planning and Inference

Investors are focused on a number of issues, he says, including the accuracy of estimates and the need to raise capital.

The New York Times

The aim was to judge the accuracy of estimates made by scientists in the past about climate change predictions in relation to species extinction.

Independent

In an interview, CBP Deputy Commissioner Jayson P. Ahern acknowledged staffing shortages, but he cast doubt on the accuracy of estimates of how many violators his agency fails to catch -- without discussing the GAO's figures in either case.

The Washington Post

Our analysis suggests that using our models will substantially improve the accuracy of estimates of tree biomass and its distribution among different pools in swidden fallows.

Forest Ecology and Management

Expert writing Tips

Best practice

Always contextualize the "accuracy of estimates" by stating the potential impact of inaccuracies. This helps readers understand the significance of striving for precise estimations.

Common error

Avoid presenting estimates as definitively accurate without acknowledging potential sources of error. Always acknowledge limitations and uncertainties to maintain credibility.

Linguistic Context

The phrase "accuracy of estimates" functions as a noun phrase that typically serves as the subject or object of a sentence. According to Ludwig AI, the phrase is grammatically correct and can be used in written English. Its main function is to denote the degree to which estimations are correct or precise.

Expression frequency: Very common

Frequent in

Science

52%

News & Media

30%

Formal & Business

18%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "accuracy of estimates" is a grammatically correct and frequently used noun phrase that signifies the degree of precision and reliability in estimations. As Ludwig AI confirms, it is suitable for various contexts, including science, news, and formal business settings. To enhance clarity, specify the methods used and acknowledge potential limitations when discussing the "accuracy of estimates". Related terms include "precision of calculations" and "reliability of projections", depending on the context. Remember to avoid overstating the accuracy to maintain credibility.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

precision of calculations

Replaces "estimates" with "calculations" implying a more rigorous mathematical process. It shifts the focus from approximation to exact computation.

reliability of projections

Substitutes "accuracy" with "reliability" emphasizing the consistency and dependability of future predictions.

correctness of appraisals

Replaces "estimates" with "appraisals", which focuses on valuation or judgment of worth. Also, "accuracy" is replaced by "correctness" which emphasizes being factual.

validity of assessments

Shifts the focus from numerical approximations to the overall soundness and justification of evaluations.

exactness of approximations

Emphasizes how close an approximation is to the true value, highlighting the level of detail and precision.

dependability of forecasts

Focuses on the trustworthiness of future predictions, emphasizing how consistently they align with actual outcomes.

rigor of estimations

This version emphasizes the carefulness and methodological accuracy of the estimation process.

quality of predictions

Focuses on the overall quality and merit of predictions made, highlighting their value and insight.

certainty of evaluations

This phrase emphasizes the level of confidence one can have in the evaluations, focusing on their sureness.

assurance of valuations

Highlights the confidence and guarantee associated with the assigned values, stressing their reliability and backing.

FAQs

How can I improve the "accuracy of estimates" in my project?

To enhance the "accuracy of estimates", use reliable data, employ appropriate estimation techniques, and consider potential sources of error. Regularly review and adjust your estimates as new information becomes available.

What factors affect the "accuracy of estimates" in scientific research?

Factors influencing the "accuracy of estimates" include sample size, measurement error, and the validity of the statistical models used. Ensure your study design minimizes these factors to improve estimation accuracy.

What is the difference between "accuracy of predictions" and "accuracy of estimates"?

"Accuracy of predictions" refers specifically to the correctness of forecasts about future events or values. "Accuracy of estimates" is a broader term that encompasses the precision of approximations or calculations, whether about the present, past, or future.

Why is the "accuracy of estimates" important in budgeting and financial planning?

The "accuracy of estimates" is crucial because it directly impacts resource allocation, project success, and overall financial stability. Inaccurate estimates can lead to budget overruns, project delays, and poor decision-making.